Damac launches Shariah Constella

(MENAFN - Khaleej Times) Mac hotels the hospitality arm of damac properties has officially launched the first fully-certified shariah-compliant serviced hotel apartments in dubai during the arabian travel market or atm.constella is a luxury tower under construction in the thriving community of jumeirah village. the full management of the project will be carried out on shariah principles and result in the issuing of a shariah ertification by dar al sharia.although there are projects in dubai that are alcohol-free and claim to be shariah-compliant constella will also have separate swimming pools for men and women separate gymnasiums and saunas. the restaurant will also have a single section for men and a separate family section. there will also be dedicated floors provided for ladies that will be served by female only staff. in addition constella will also fully comply to islamic financing principles with all funds for the project managed by an islamic bank.“damac properties is a dubai company which listens to market demands and we were keen to bring a fully-certified shariah-compliant product to the market for some time” said ziad el chaar managing director of damac properties. “constella presents a unique opportunity to invest in the dubai real estate market in-line with the principles and beliefs of many of our customers particularly those from saudi arabia and here in the uae.” el chaar went on to acknowledge dar al sharia and the real estate regulatory authority for their support in bringing this product to market.damac properties will be hosting an exclusive vip event at damac maison – dubai mall street today from 10:00am to present the project and release a select number of units at pre-launch prices. prices for constella start at dh702000 and will be completed by 2017. each constella unit comes complete with a fully-fitted kitchen and daily housekeeping services.— business?khaleejtimes.com

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